Unfortunately the $A has continued to underperform most major currencies, we still see it hovering between 70c and 80c for the rest of 2021 with a low likely to form when bond yields bottom and economic optimism returns which is likely to be fairly soon if MM is correct.
- The $A has taken a meaningful turn lower as lockdowns pick up momentum in Australia, hopefully both will end sooner rather than later.
MM is currently neutral the $A short-term
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